ACS
Actividades de Construcción y Servicios

Board Committees

Executive Committee


Composition

Chairman:	Mr. Florentino Pérez Rodríguez
Members:	Mr. José María Loizaga Viguri
	Mr. Santos Martínez-Conde Gutierrez-Barquín
	Mr. Antonio García Ferrer
	Mr. Javier Echenique Landiríbar
	Mr. Pedro López Jiménez
	Mr. Pablo Vallbona Vadell
Secretary non member:	Mr. José Luis del Valle Pérez

Functions

The Executive Committee will exercise all duties delegated to it by the Board of Directors, except for those that by Law or the Company By-laws are considered non transferable. However, the Board of Directors may address and decide on any matters of its competence, while the Executive Committee, on the other hand, may submit any matter requiring a decision to the Board of Directors should the Committee consider that the Board of Directors should decide on the issue, even if it is the responsibility of the Executive Committee.


Operation

The Executive Committee will meet whenever called by its Chairman, either at his own initiative or at the request of a minimum of two members. The Executive Committee is understood to be in session when a majority of its members are in attendance, whether present or represented. Decisions will be reached by majority of those in attendance, whether present or represented.